It's best to discuss these options with your lender and possibly a real estate attorney to ensure you make the right decision.

Given the complexity and potential tax-saving opportunities in real estate, it's wise to consider hiring a CPA with expertise in this field.Many clients who work with non-specialists find that their non-real estate preparers lack the specific knowledge to help them minimize taxes through strategies like depreciation, the de minimis safe harbor, partial asset dispositions, 1031 exchanges, navigating real estate professional status, the short-term rental loophole, and more.If you are looking to qualify as a real estate professional, use the short-term rental strategy, or complete a 1031 exchange, I would without a doubt recommend working with a real estate CPA.

I get where y'all are coming from in terms of "be happy you've had a long, stable tenant," and yet I want to point out they have greatly benefited from being in the building this long as well.  

Whether real estate, stock dividends, bond yields.

QOFs can make investments in a wide variety of real estate and new or existing businesses, including commercial real estate, housing, infrastructure, and start-up businesses.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Welcome to real estate investing.

Hollistic REI was referred to me by Real Wealth Network, based here in California.

how will turning it into a rental affect your W2 income - are you under the threshold in which you might be able to benefit from passive losses?

@Cherish GonzalesBy looking at their website and him toutingHimself as #1 in real estate I am guessing it did.